Posted on Thu, Aug. 18, 2011
last updated: August 18, 2011 11:52:59 AM
Banks are test driving yet another fee.
Starting in October in five states, Wells Fargo will charge customers $3 per month if they use their debit card for purchases or payments. Customers can avoid the fee if they don't use their card or by signing up for certain checking accounts.
The guinea pigs will be customers who opened business and personal accounts in Oregon, New Mexico, Nevada, Georgia and Washington. The test won't affect Carolinas customers unless they originally opened their accounts in one of those states, Wells spokesman Josh Dunn said.
ATM withdrawals won't trigger the fee.
No decision has been made on whether to expand the pilot program, he said. Wells Fargo bought Charlotte's Wachovia in 2008 and is converting Carolinas bank branches to the Wells name this fall.
Read the complete story at charlotteobserver.com